Considering gold sold off during the latter part of last week and hit a six-month low on Friday, analysts with both Commerzbank and UBS pointed out that the next round of CFTC data is likely to show a further contraction in speculative gold net length, although that in turn ultimately could end up offering some support for the market.

FORBES: CFTC: Large Speculators Cut Gold Net Length As Traders Add Short Positions